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January 9, 2012  Mon 12:17 AM CT

There is just one report set on today's economic calendar, and that is consumer credit. Unless there is a big positive or negative shift in the number, it isn't likely to produce much market reaction.

The report, out at 3 p.m. ET, has consensus forecast at $7.6 billion of new debt. The range of estimates is from $3.5 billion to $11.6 billion. Traders may be more bullish if they see consumers willing to leverage up by adding more debt.
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Using puts to BUY stock

Puts are an options contract that gives buyers the right to sell their stock for a set price on or before a future date. However, puts can also be an effective way to BUY stock.

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